Binance faces European exit risk as Greece nears MiCA license rejection

The exchange, which previously identified Greece as its preferred European regulatory base, now finds its strategy in jeopardy. Two sources familiar with the matter indicated that Greek regulators are leaning toward denying the application, a move that would strip Binance of the authorization required to serve EU customers under the new unified regime. This outcome would mark a significant departure from the company’s expectations, as it has spent 18 months navigating the compliance process.

Binance maintains that it has satisfied all necessary standards and claims to have received no formal notification of a rejection from the Hellenic Capital Market Commission. A company spokesperson noted that the regulator has completed its review, and the firm believes its submission is fully compliant. The commission has declined to comment on the matter, citing confidentiality. This uncertainty follows recent regulatory friction in the Philippines, where the exchange also struggled to secure the required licensing for local operations. With the June deadline approaching, the decision in Athens carries consequences that extend far beyond the Greek market, potentially barring the exchange from the entire European Union.